Underinvestment in cities puts billions at risk

Towns and cities can be significantly hotter than surrounding land, and it's estimated that 60% of people will live in one by 2030.

Extreme heat is most dangerous for the poorest city dwellers, the elderly and the young. Investment worth hundreds of billions of dollars annually is needed to help cities adapt to a hotter world, and evidence suggests global South cities in particular struggle to access enough money for this purpose.

Other challenges facing cities include rising sea levels and damage from extreme weather events, such as floods and storms, which can be linked to climate change.

As is the case in other sectors, climate finance rarely reaches the local level, inhibiting cities' ability to protect their residents.

Global
Economic change
Jon Sharman
, 06 June 2024

How stuck is this handbrake?